Indian Bank Elects Bhupinder Singh Bhalla as Shareholder Director

CHENNAI — December 30, 2025 — Indian Bank has announced that the scheduled election for a Shareholder Director, originally part of the upcoming Extraordinary General Meeting (EGM), has been cancelled following the receipt of only one valid nomination. Shri Bhupinder Singh Bhalla has been deemed elected unopposed to the Board.

Election Outcome and "Fit & Proper" Clearance

The Bank informed the stock exchanges that by the nomination deadline of December 26, 2025, only one candidate had stepped forward for the single vacancy. In a meeting held today, the Nomination and Remuneration Committee (NRC) evaluated the candidate under the latest RBI Governance Directions.

• Elected Director: Shri Bhupinder Singh Bhalla (61)

• Qualifications: B.Com (Hons), ICWA, PGDM (IIM Bangalore), and MBA.

• Expertise: Extensive experience in Banking, Finance, and Business Management.

• Status: Accorded "Fit & Proper" status as per RBI guidelines.

Impact on Extraordinary General Meeting (EGM)

Because there is no contest for the position, the Bank has invoked Regulation 58 of the Indian Bank (Shares and Meetings) Regulations, 1999.

• Immediate Assumption of Office: Shri Bhalla is deemed to have assumed office effective December 31, 2025.

• Tenure: He will hold the position until March 8, 2027.

• EGM Changes: Agenda Item No. 1 regarding the election and its associated e-voting (EVSN-251212006) are now cancelled.

• EGM Schedule: The EGM will still proceed on January 9, 2026, at 11:00 AM via Video Conferencing to transact the remaining agenda (Item No. 2). Remote e-voting for the remaining item will continue as scheduled.